Refex Industries Ltd Q2 FY2023 net profit surges to Rs. 25.45 crores

Refex Industries Limited has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 356.2371 crores during the period ended September 30, 2022 as compared to Rs. 267.4571 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 25.4523 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 13.7854 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 12.12 for the period ended September 30, 2022 as compared to Rs. 6.56 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 356.2371 crs	₹267.4571 crs	33.19%
Net Profit	₹25.4523 crs	₹13.7854 crs	84.63%
EPS	₹12.12	₹6.56	84.76%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 356.2371 crores during the period ended September 30, 2022 as compared to Rs.95.4627 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.25.4523 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.7.4883 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.12.12 for the period ended September 30, 2022 as compared to Rs.3.57 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 356.2371 crs	₹95.4627 crs	273.17%
Net Profit	₹25.4523 crs	₹7.4883 crs	239.89%
EPS	₹12.12	₹3.57	239.50%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.623.6942 crores during the 6 Months period ended September 30, 2022 as compared to Rs.180.2170 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.39.2377 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.14.5382 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.18.68 for the 6 Months period ended September 30, 2022 as compared to Rs.6.92 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹623.6942 crs	₹180.2170 crs	246.08%
Net Profit	₹39.2377 crs	₹14.5382 crs	169.89%
EPS	₹18.68	₹6.92	169.94%

Shares of Refex Industries Limited was last trading in BSE at Rs. 170.90 as compared to the previous close of Rs. 173.10. The total number of shares traded during the day was 56503 in over 1924 trades.

The stock hit an intraday high of Rs. 177.50 and intraday low of 169.20. The net turnover during the day was Rs. 9740580.00.

Source : Equity Bulls

Keywords

RefexIndustries Q2FY23 H1FY23 ResultUpdate